Motor Trade Insurance

Motor trade policies can be very complex due to the nature of the risk and the many different options of cover available and therefore it is important you have the right policy in place to cover all your requirements. With strict new laws in place to combat the driving of uninsured vehicles it is vital you know exactly what your policy covers you for as even the slightest discrepancy in your policy could mean a vehicle being impounded causing you a great deal of stress and aggravation. For example, if you are a part-time trader and use a vehicle in connection with a separate occupation you may need to include additional business use for that vehicle.

At Herald Insurance we will listen to your requirements and find out exactly what cover you need from your policy to ensure there are no nasty surprises if you are stopped by the police or have to make a claim. With two of the leading insurers at our disposal we can tailor a policy especially for you. Our road-risk motor trade policies are designed for either full-time or part-time traders operating either from a business premises or from home. We can quote for windscreen fitters, auto-electricians, mobile mechanics, valets, breakdown and recovery, accessory fitters, car breakers and more. We can offer quotations for individual sole traders, partnerships and companies with the option of including named drivers.

One of the key benefits of a trader’s policy is that you can include cover for your own personal vehicles meaning you do not need a separate policy, therefore saving you money and giving you the convenience of one policy. This can also be included for your partner’s vehicles meaning you can cover all your vehicles under one policy.

Other policy benefits/covers include:

Option of third party only, third party fire and theft and comprehensive cover

Indemnity limits of £5,000 – £50,000 available

Driving other cars extension available (for vehicles not owned by you)

Protected no claims bonus available

Benefit of adding yours and your spouse’s own personal vehicles

Demonstration cover

Additional business use

Motorcycle cover

Stock of vehicles

Carriage of vehicles

Cover for recovery vehicles

Sports car cover

Collection and delivery of vehicles

Liability Insurance

Our insurers will also allow an introductory discount if you have earned a no claims bonus from a private car or commercial vehicle policy which reduces the cost dramatically. Discounts may also be available if you have been a named driver on a previous trade policy so the price may not be as high as you think. We can quote for any area (depending on risk detail) and can include drivers as young as 23.